BU354 Lecture Notes - Lecture 13: Elderly Care, Job Satisfaction, Credit Union
Document Summary
Chapter 13: employee benefits and services: two types of employee benefits, government benefits (legally required) Federal program that provides income benefits if a person is unable to work through no fault of his or her own. Ad(cid:373)i(cid:374)iste(cid:396)ed (cid:271)(cid:455) ju(cid:396)isdi(cid:272)tio(cid:374)al (cid:449)o(cid:396)ke(cid:396)s" (cid:272)o(cid:373)pe(cid:374)satio(cid:374) (cid:271)oa(cid:396)ds (cid:862)no fault(cid:863) i(cid:374)su(cid:396)a(cid:374)(cid:272)e pla(cid:374) Income and medical benefits to victims of work-related accidents or illnesses, regardless of fault. Programs that provide basic level of security on retirement. Three types of benefits: retirement income survivor or death benefits: disability benefits. Benefits based on individual contributions made: employer voluntary benefits. Life insurance group plans offer lower rates and inclusion of all employees additional benefits: accidental death coverage, dismemberment coverage critical illness insurance. Usually includes prescription drugs, private/semi-private hospital rooms, other health costs not covered by. Employee usually pays a yearly deductible amount provincial plans. May include dental, vision care, hearing aids. Sabbaticals time off to rejuvenate or pursue personal goals usually unpaid helps retain employees and avoid burnout.
